57 chapters · 664 sections in this title.
16 V.S.A. ch. 087, § 2879 Investment and payments
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§ 2879. Investment and payments All money paid by a participant in connection with a participation agreement shall be credited to the participant’s account as received, held by the Corporation in trust for the benefit of the participant, and shall be promptly invested by the Corp…
16 V.S.A. ch. 087, § 2879a Cancellation of participation agreements
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§ 2879a. Cancellation of participation agreements (a) Any participant may cancel a participation agreement at will, and any return of funds from the participant’s account shall be subject to terms and conditions established by the Corporation, provided that any penalties levied a…
16 V.S.A. ch. 087, § 2879b Effect of payments in computation and determination of financial aid need
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§ 2879b. Effect of payments in computation and determination of financial aid need Amounts available for the payment of postsecondary education costs pursuant to the Investment Plan shall be considered family assets of the beneficiary in determining need and eligibility for stude…
16 V.S.A. ch. 087, § 2879c Tax exemption
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§ 2879c. Tax exemption (a) The assets of the Vermont Higher Education Investment Plan held by the Corporation and the assets of any similar plan qualified under Section 529 of the Internal Revenue Code and any income from them shall be exempt from all taxation by the State or any…